HomeMy WebLinkAbout0313
O. R.
80S~
5
313
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ST, LUCIE COUNTY. flA.
2. The Pirst rarty ahall h~ve the pOW!r, right and
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authority to do an, on~ or more or all of the following, viz&
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to leale, sell, mortgage, ~~ChAug~, dedicater enc~mbe~, plat,
subdividE, or otherwise (H.pos~ of said property, or any part
there~!; but ~h~ ~i~;~ Porty ahall n01 become liable for the
payment of any lIlor~gage or..deed of trust n{\t~ {\~ "th~!' '!v~d",nt"fI
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of indebtedness executed by the second or any other p~rty and
lS~cured on any of tbe property Afore aaid; to perform Rny other
act, thin~ or deed in connection with the said property the .~e
as the Second Party could do and the same as ~hough said act,
thing or deed were fully set out ~nd described herein, to borrow
money, in his capatity as Trustee here~nder, and to secure tbe
repayment of saMe by mortgage or deed of trust upon sai~ property,
to renew or extend any and all such loans, and to convey said
real estate in fee simple by deed, mortgage, deej of tru~t, or
otherwise, without any liability on the part of any purchaser
or person lending money to see to the proper application of the
purchase money ~r. money loaned and no such purchaser or lender
shall be required to asc~rtain wh~ther any authorization has
bee~ given by the Second Party or obtained by the Pirst Party
and the fRilure of said Second Party to give or the Pirst Party
to obtain such authorization shall in no WRY ~ffect the validity
of any loan, ~xtension, renewal, lease, sale, conveyance, exchange,
mortgag~, subdivision or deed of trast or ~ther act made by said
Pirst Party; Q!ovided, that &ny loans, sales, l~ases, e~chRnge.,
8ubdiyisions and conveyances shall be de~med made by the Pirat
P~ty in his capacity 8S Truste~ hereunder and not in hi. indi-
vidual capacity or otherwise and the proceeds der!?ed from Any
loan, after payment of any existing 108U, I~cured on the said
premises, and after payment of liens and encumbrances and all
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